Settings8H · net · $10k
Funding arb · Price arb /

SPX

all SPX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.071%
Price spread now: Gate against Hyperliquid−0.155%7-day average −0.174% · you buy dearer than you sell
Net, funding: paid 7d − costs−$188as in the Funding arb table
Net, price: spread back to 7d avg − costs−$167as in the Price arb table
costs, in and out, $10k−$1691.689% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.187%−$19 on $10k
Price spread, last 7 days+0.089%+$9 · spread now −0.155%, 7d avg −0.174%
Together, before fees−0.098%+ Points / potential airdropHyperliquid: Season 2 · farm board−$10 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid SPX0.50450.0100pay 0.0013% / 1h56m 27s$9.7M$7.5M5x
ShortGate SPX_USDT0.50370.0100get 0.0050% / 4h56m 27s$1.0M$493K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Hyperliquid. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: −0.155% → −0.174%
$1.96
Slippage, 4 orders
−$144.87
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$166.9
Costs to cover
1.689%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 6 min ago; Gate: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 6 min ago1.91 bp11.8 bp −$12doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 1 min ago7.93 bp66.4 bp −$66doesn't fitdoesn't fitdoesn't fit

SPX on 19 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_SPXUSD−0.1182%1h0.5044−0.016%$240K$560K20xas long as short
Injective SPX/USDC PERP+0.0033%1h0.4979−1.304%$9$4K5.5xas long as short
Variational Omni SPX+0.0044%4h0.4974−1.407%$840K$1.3Mas long as short
Lighter SPX+0.0096%1h0.5043−0.034%$116K$318K5xas long as short
Hyperliquid SPXlong+0.0100%1h0.5045long leg$9.7M$7.5M5x
Aster SPXUSDT+0.0100%4h0.5030−0.300%$127K$108K10xas long as short
Binance SPXUSDT+0.0100%4h0.5047+0.044%$4.9M$20.8M75xas long as short
Bybit SPXUSDT+0.0100%4h0.5038−0.135%$11.5M$15.9M50xas long as short
OKX SPX-USDT-SWAP+0.0100%4h0.5047+0.044%$968K$2.8M20xas long as short
Gate SPX_USDTshort+0.0100%4h0.5037−0.155%$1.0M$493K50x
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC SPX_USDT+0.0100%4h0.5047+0.044%$11.3M$4.7M100xas long as short
KuCoin SPXUSDTM+0.0100%4h0.5038−0.135%$3.8M$5.3M50xas long as short
Bitget SPXUSDT+0.0100%4h0.5046+0.024%$2.6M$1.4M50xas long as short
BingX SPX-USDT+0.0100%4h0.5042−0.056%$6.9Mas long as short
ApeX Omni SPXUSDT+0.0100%1h0.5006−0.769%$45K$247K25xas long as short
Orderly PERP_SPX_USDC+0.0100%4h0.5051+0.123%$20K$71110xas long as short
SunX SPX-USDT+0.0100%4h0.5033−0.234%$8K$1.7M20xas long as short
Extended SPX-USD+0.0104%1h0.5042−0.065%$34K$228K10xas long as short
BloFin SPX-USDT+0.0340%4h0.5035−0.194%$245K$959K75xas long as short